New search for Malaysia Airlines Flight 370 approved as researchers plan to investigate fresh area of Indian Ocean
Malaysia's government granted a U.S.-based tech firm final approval to restart its search for Malaysia Airlines flight MH370 — more than 11 years after the plane disappeared in one of the aviation industry's most confounding mysteries.
Ocean Infinity, a maritime exploration firm based in Texas and Britain, signed a 'no-find, no-fee' contract with Malaysian officials on Wednesday, the Associated Press reported. Ocean Infinity will receive its $70 million reward only if it locates the plane. This was the same contract Ocean Infinity had almost seven years ago, but the company did not find any wreckage.
This time, Ocean Infinity will search a different area in the ocean comprising 5,800 square miles, Transport Minister Anthony Loke said in a statement. The Malaysian government announced in December that it had agreed to launch a new search for MH370.
'The government is committed to continuing the search operation and providing closure for the families of the passengers of flight MH370,' Loke said.
Flight MH370, a Boeing 777 aircraft carrying 239 people including 12 crew members, vanished from radar screens on March 8, 2014, while it was traveling from Kuala Lumpur, Malaysia, to Beijing, China. It kicked off the largest search in aviation history, but the plane has still never been found. Several pieces of marine debris, which were discovered along the coast of Africa and on several Indian Ocean islands, were confirmed in 2016 to be from Flight 370.
Collected satellite data reportedly showed that the plane deviated from its planned flight path and headed toward the southern Indian Ocean, which is where researchers believe the plane crashed.
Ocean Infinity's deep-water support vessel, the Armada 7806, arrived in a newly designated search zone in the Indian Ocean in late February. The Armada 7806, which is considered one of the most technically advanced ships of its kind, is set to deploy autonomous underwater vehicles, which provide detailed scans of the ocean floor to researchers.
Ocean Infinity shut down its previous investigation in 2018, after searching for six months without finding any of the missing aircraft. The company was also involved in a search for the aircraft led by an Australian agency that started after the plane disappeared. That effort was suspended in January 2017.
Ocean Infinity CEO Oliver Plunkett told reporters in March 2024 that the company was hoping to return to the search and was in contact with the Malaysian government.
'Finding MH370 and bringing some resolution for all connected with the loss of the aircraft has been a constant in our minds since we left the southern Indian Ocean in 2018,' he said. 'Since then, we have focused on driving the transformation of operations at sea; innovating with technology and robotics to further advance our ocean search capabilities.'
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Business Insider
an hour ago
- Business Insider
Boeing stock slides after Air India 787 Dreamliner crashes
Boeing stock fell sharply in premarket trading on Thursday after an Air India plane crashed in what is thought to be the first such incident involving a 787 Dreamliner. The 11-year-old plane disappeared from radar shortly after takeoff from the Indian city of Ahmedabad, bound for London Gatwick airport. Boeing stock was down as much as 8%, and was 6% lower at 5:45 a.m. ET. Shares closed on Wednesday at $214 and had gained almost 25% this year. First flown in 2009, the 787 was the first next-generation plane produced by a major aircraft manufacturer. It followed the success of the Boeing 777, but it has faced setbacks over the years. Boeing did not immediately respond to a request for comment.


Business Wire
9 hours ago
- Business Wire
Provenir to Moderate Panel Discussion on Digital Identity and Authentication for Malaysian Fraud Prevention at the AI, Cloud & Cybersecurity Congress 2025
KUALA LUMPUR, Malaysia--(BUSINESS WIRE)-- Provenir: WHAT: Malaysia has suffered a staggering RM54.02 billion in losses due to financial scams, underscoring the urgent need for stronger fraud prevention measures. The financial crime landscape in Malaysia is becoming increasingly complex, and organizations need the most advanced technology in place to thwart these threats. Highlighting the importance of this issue, Kavinesswaran Karthigasan, APAC Regional Sales Director and Principal Consultant with Provenir, will moderate a panel discussion on 'The Digital Identity & Authentication – Building Trust in Malaysia's Digital Banking Ecosystem,' as part of The AI, Cloud & Cybersecurity Congress 2025 event in Kuala Lumpur, Malaysia next week. Panelists include representatives from CIMB, Maybank, Boost Bank and Standard Charter. The session will highlight how Malaysian banks can enhance digital identity verification, implement AI-driven authentication systems, and the role of Open Finance frameworks. Karthigasan will also host a panel on 'Scaling Bank-Fintech Partnerships in Malaysia – From Collaboration to Success,' with panelists from SC Ventures, GX Bank and BCS. WHEN: The panel discussions will take place June 17 at the Mandarin Oriental Kuala Lumpur, Malaysia, as part of The AI, Cloud & Cybersecurity Congress 2025, designed to deliver practical strategies and insights that financial leaders can implement immediately. The event is organized by The Digital Banker and gathers thought leaders, regulators, and innovators to explore how cloud technologies, artificial intelligence, and cybersecurity can drive resilience, efficiency, and innovation in banking in Malaysia. About Provenir Provenir helps banks, fintechs and financial services providers unlock the secret to smarter risk decisioning. Provenir's AI Decisioning Platform brings together the power of decisioning, data, and decision intelligence to drive smarter decisions. This unique offering gives organizations the ability to power decisioning innovation across the full customer lifecycle, driving improvements in the customer experience, best-in-class fraud prevention, access to financial services, business agility, and more. Provenir works with disruptive financial services organizations in more than 60 countries and processes more than 4 billion transactions annually.


Business Wire
10 hours ago
- Business Wire
TNS Unveils New Malaysian Hub to Power "Complete Commerce" and Strengthen Global Growth Strategy
KUALA LUMPUR, Malaysia--(BUSINESS WIRE)--Transaction Network Services (TNS), a global leader in providing full-stack, modern and secure payment and network solutions, has opened a new office in Kuala Lumpur, Malaysia, signalling its investment in the APAC region and continued commitment to supporting local and global customers. By investing and building its Operations and Shared Services Center in Malaysia, TNS is reinforcing its support structure in APAC for customers in both the country and region. Share The new hub is a strategic milestone in TNS' global growth journey, positioning Malaysia as a central point for delivering expanded services under its Complete Commerce offering, which enables enterprises to accept any transaction at terminals and online, connect POS terminals and retail stores with its managed network service solutions, and orchestrate payment transactions via its cloud-native platform to any payment processor. Located in Kuala Lumpur's City Center (KLCC), TNS was honoured to be joined at its new office by many valued customers and staff, in celebrating the milestone achievement on June 11th. Hosted by John Tait, Global Managing Director, TNS Payments Market, the grand opening was marked by a ribbon cutting ceremony, tour of TNS' product display, new state of the art Network Operations Centre (NOC) and reception. 'We were thrilled to have so many customers join us for the grand opening of our new major hub for the APAC region. Over the past 12 years, TNS has consistently achieved remarkable growth in Malaysia and beyond, a testament to our expanding workforce and our ever-evolving suite of services. As we look ahead, we are excited about our future opportunities and confident that our Malaysian hub will be instrumental in driving our continued success and growth in the region,' said Ganesh Satkunalingam, TNS' Vice President for Southeast Asia, for its Payments Market business. As the digital payments ecosystem rapidly evolves, TNS continues to invest in infrastructure that brings it closer to its customers. The Kuala Lumpur hub will initially house over 50 employees across functions such as Sales, Engineering, Network Operations, Finance, Solutions Consulting, and Project Management—with further growth anticipated. The site includes a 24x7x365 Network Operations Center (NOC), enabling real-time, round-the-clock service delivery to customers globally. TNS has been operating in Malaysia since 2013, initially serving a single global payments customer. Over the past decade, the company has experienced double-digit growth and expanded its services to include various sectors, such as acquirers, financial institutions, Independent ATM Deployers (IADs), retailers, and fuel retailers, both locally and internationally. The move to a larger, centrally located facility in Kuala Lumpur is a clear signal of the company's long-term investment in the region. 'By investing and building its Operations and Shared Services Center in Malaysia, TNS is reinforcing its support structure in APAC for customers in both the country and region. We want our customers to have the confidence that we're closer to them in the market. With a long history in the region, we're delighted that Malaysia will play a central role in our long-term global strategy with a 24x7 Network Operations Center,' said John Tait, Global Managing Director, TNS Payments Market. With the number of personnel at the previous office increasing by twenty times in the last decade, the new office will support continued growth and further expansion. This growth in headcount predominantly includes local hires, the majority of which have joined TNS via recommendations, highlighting the growth culture that the company has created. For more information, visit About TNS TNS is a global leader in providing full-stack, modern and secure payment and network solutions. As a leading provider of Infrastructure-as-a-Service (IaaS) solutions with more than 30 years' experience, TNS has been offering managed service solutions to more than 1,400 organizations in over 50 countries. TNS' comprehensive portfolio spans from cutting-edge unattended and in-store payment terminals, online solutions to secure global network connectivity and seamless payment processing through its cloud native payment orchestration platform. With TNS' portfolio of industry leading services, customers can reduce the complexities of fragmented payments and connectivity with just one trusted managed service partner. For more information, please visit: